#USStablecoinBill The U.S. Congress is actively deliberating two significant pieces of legislation aimed at establishing a federal regulatory framework for stablecoins: the GENIUS Act in the Senate and the STABLE Act in the House.

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🏛️ GENIUS Act (Senate)

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act seeks to regulate payment stablecoins by:

Mandating 1:1 backing with U.S. dollars or high-quality liquid assets like Treasury bills.

Requiring monthly reserve certifications and prohibiting the use of reserves for other purposes (rehypothecation).